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Gigante Salmon AS ( (DE:96M) ) just unveiled an update.
Gigante Salmon AS has announced an extraordinary general meeting to discuss a new share issue aimed at raising NOK 150–300 million to enhance its financial position and support strategic improvements in its facility. The company’s main shareholder, Gigante Havbruk AS, has pledged significant support, and the funds will be used for growth, operational costs, and to buffer against salmon price fluctuations, ensuring the company’s resilience and profitability.
More about Gigante Salmon AS
Gigante Salmon AS is a land-based salmon farming company developing its first facility in Rødøy, Norway. The company employs a unique aquaculture concept that combines the benefits of sea-based and land-based systems, aiming to mitigate the challenges of traditional sea farming.
Average Trading Volume: 46,673
Current Market Cap: NOK1.46B
Find detailed analytics on 96M stock on TipRanks’ Stock Analysis page.